2012 tax season ends quietlyThe 2011 filing season ended quietly, apart from a few IRS
reminders and last-minute tips issued just before the April 17
deadline. Practitioners generally agreed with the
government’s assess...
AZ - Incorrect date printed on TPT1 formThe Arizona Department of Revenue has released a warning that it
mistakenly sent out monthly and quarterly TPT1 forms with incorrect
tax period dates printed on them. The monthly T...
IL - Governor proposes 2012 tax cut, creditsIn his 2012 State of the State address, Illinois Gov. Pat Quinn
announced three tax proposals for 2012 involving corporate and
personal income tax and the natural gas utility gas tax. Initially,
th...
IN - Acquired company filed returns lateA taxpayer, acquired by a second corporation, that did not file its
Indiana corporate tax returns or remit estimated tax payments until
the second corporation filed its consolidate...
IA - Equity investment credit updatedThe Iowa Department of Revenue has adopted a number of new rules
and amendments to regulations relating to the investment tax credit
for equity investments in a qualifying business...
MA - Conference bridging service taxableConference bridging service sold to Massachusetts customers by an
out-of-state taxpayer is subject to Massachusetts sales and use tax
because it falls within the broad definition o...
OH - Amnesty program explainedThe city of Akron, Ohio, is offering businesses an income tax
amnesty program that will run from March 5, 2012, through May 4,
2012, and apply to net profit taxes and wage taxes. A...
WI - Job creation deduction FAQs issuedThe Wisconsin Department of Revenue has issued a set of frequently
asked questions (FAQs) regarding the personal income and
corporation franchise and income tax deduction for job c...